Blockchain diamond tracking company finds $10.4m funding
Everledger has announced the closing of a $10.4 million funding round.
The Canadian company uses emerging technology such as blockchain, artificial intelligence and the Internet of Things to track the authenticity and history of high-value assets such as diamonds.
The company will continue to deploy its blockchain-based provenance tracking platform in the diamond and coloured gemstone markets.
“Everledger started with the purpose of building trust amongst stakeholders in global markets. Having this round of financing supported by strong and credible investors is testament to our success to date in achieving that purpose, taking us from a startup to a scaleup in just three years,” said founder and CEO Leanne Kemp.
“We are confident that having the support of such high calibre investors with a solid track record of accelerating growth, will enable further growth and success in our plans for entry to new markets where provenance matters.”
Everledger has also announced the appointment of Dr. Finian Tan as a Board Member. Dr. Tan is currently the chairman of Vickers Venture Partners, an international venture capital firm with a presence in Singapore, New York, Shanghai and California.
Prior to co-founding Vickers Venture Partners, Dr. Tan was partner and Managing Director of Silicon Valley venture capital firm, Draper Fisher Jurvetson Eplanet, where he made an early investment in Chinese tech giant Baidu.
“Vickers is excited to participate in the round and we were impressed by the traction and innovation demonstrated by the Everledger team,” said Dr. Tan.
“Everledger is clearly a star in the future of supporting ethical trade through their strong blockchain based provenance platform. We look forward to supporting their vision through our networks and on the Board of Directors.”
Everledger currently has the provenance of over two million diamonds cryptographically-certified on the blockchain.